Wednesday, November 24, 2010

IMPORTANT UPDATE RE: Oil Spill Claims

The final protocol for claims related to the BP oil spill was released today by the Gulf Coast Claims Facility. Victims will choose one of the two options: 1) accept a final lump sum payment for all present and future damage in exchange for a full and final release surrendering their right to sue or 2) continue receiving quarterly interim payments based upon past damage for the that three months. If the last option is chosen, Feinburg specifically stated, “there is no guarantee that, in the future, a lump sum Final Payment will be as generous as it will be currently.” There will be an non-binding appeals process for those claimants who receive an offer of total compensation in excess of $250,000, but believe it inadequate. All claimants will be able to appeal their GCCF award to the Coast Guard and the Federal Courts. A decision regarding which option to choose should be made on a case by case basis. If you need any assistance regarding which option may be best suited for your personal and/or business claim, please contact Knox Boteler in our office. knox@botelerwolfe.com

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Boteler, Finley & Wolfe, Attorneys

Committed to helping insurance claimants and injury victims and their families for over thirty years.

Welcome to the BF&W blog site

The attorneys at Boteler, Finley & Wolfe have been helping people and small businesses in our community with insurance claims for over 30 years. Their work has helped thousands of claimants and victims of motor vehicle collisions. If you need information about an insurance claim or a personal injury matter, we'd like to help you. Our web site, http://www.bfw-lawyers.com/ is Alabama's "most comprehensive insurance claim web site." It contains specific information for insurance claimants and resource centers to help insurance claimants. Our auto-crash claims resources provide victims with lots of information about auto-crash claims. It also provides victims ordering or download information for our numerous free publications. In addition to our quarterly newsletter, we see this blog as another way to reach out and help insurance claimants, auto-negligence victims and consumers. We will make every attempt to keep this blog informative and entertaining. Thank you for visiting our blog site and your feedback and comments are always welcome. Mark Wolfe

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